A recent report from the Federal Reserve System indicates what many users of harvesting equipment already know. Namely, that this year's harvest has been delayed by inclement weather across many regions in the country.
The Fed's Beige Book noted that the harvest was delayed in a number of the bank's districts, including Atlanta, Chicago, Kansas City, Minneapolis, Richmond and St. Louis. Wet conditions in October in early November were reported in those districts, which contributed to delays in getting crops out of the ground.
Tropical Storm Ida and a nor'easter delayed planting and damaged crops in the Richmond district. However, the Fed's report also noted that increased rainfall in the Dallas district helped ease drought conditions experienced in that area.
Weather difficulties have led to a number of problems for farmers, including causing them to work later in the year. As a result, many of those who use harvesting equipment are being forced to work in darker hours, which brings about safety concerns. Furthermore, delays in the harvest may be threatening the income of some producers.